REGISTERED NUMBER: 01516994 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

QUALIMACH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K A Senior

REGISTERED OFFICE:

First Floor

Unit 4

Broadfield Court

Sheffield

South Yorkshire

S8 0XF

REGISTERED NUMBER:

01516994 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Tangible assets

4

41,172

51,879

CURRENT ASSETS

Stocks

39,050

47,100

Debtors

5

52,376

78,589

Cash at bank and in hand

149,645

111,562

241,071

237,251

CREDITORS

Amounts falling due within one year

6

257,104

235,495

NET CURRENT (LIABILITIES)/ASSETS

(16,033

)

1,756

TOTAL ASSETS LESS CURRENT LIABILITIES

25,139

53,635

CREDITORS

Amounts falling due after more than one year

7

2,653

15,595

NET ASSETS

22,486

38,040

CAPITAL AND RESERVES

Called up share capital

350

350

Capital redemption reserve

400

400

Retained earnings

21,736

37,290

SHAREHOLDERS' FUNDS

22,486

38,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

K A Senior - Director

1.	STATUTORY INFORMATION

Qualimach Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of new and second hand equipment.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on reducing balance

Office equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

77,000

11,681

88,681

DEPRECIATION

At 1 April 2024

26,276

10,526

36,802

Charge for year

10,145

562

10,707

At 31 March 2025

36,421

11,088

47,509

NET BOOK VALUE

At 31 March 2025

40,579

593

41,172

At 31 March 2024

50,724

1,155

51,879

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

45,113

58,655

Other debtors

7,263

19,934

52,376

78,589

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,431

10,174

Hire purchase contracts

1,136

15,001

Trade creditors

83,571

36,755

Taxation and social security

18,908

14,200

Other creditors

143,058

159,365

257,104

235,495

Of the amounts listed above under 'other creditors' £110,405 relates to directors' loan accounts (2024 - £113,179).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,653

13,096

Hire purchase contracts

-

2,499

2,653

15,595

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,136

17,500

9.	RELATED PARTY DISCLOSURES

Qualimach Limited Self Administered Pension Scheme

(The director is a trustee and member of the scheme)

During the year, the company paid rent of £40,000 (2024 - £nil) for the use of the scheme's property. At the balance sheet date the amount due to Qualimach Limited Self Administered Pension Scheme was £nil (2024 - £nil).